Ripple Wins Conditional OCC OK for Trust Bank; XRP Near $1.98, 12 December 2025

On 12 December 2025, Ripple said it received conditional approval from the U.S. Office of the Comptroller of the Currency to create Ripple National Trust Bank, with New York DFS oversight referenced by CEO Brad Garlinghouse. XRP hovered near $1.98, below $2, as traders awaited further milestones and clarity around RLUSD's regulated framework.